Dubai-based investment bank Audacia Capital has acquired a 25 per cent stake in car-sharing startup ekar to boost its per-hour rental fleet and network.
Qatar Holding to invest USD 250 million in India-based ArthVeda Fund Management’s affordable low- and middle-income housing fund.
Private Equity firm Fajr Capital has announced the completion of its acquisition of Cravia Group, a fast-growing food and beverage platforms in the region.
Souq.com has completed a funding round of more than USD 275 million, the largest financing of an e-commerce business in the region.
Greenstone Equity Partners announced its collaboration with Europe based iTech Capital, a venture capital firm focused on growth investments in digital economy businesses.
IFC, a member of the World Bank Group, and the IFC Asset Management Company are investing USD 27 million in Souq, the largest e-commerce platform in MENA
ArabiaWeather has announced a new round of funding totaling USD 5.0 million, following the USD 2.1 million it raised earlier this year.
Careem, the MENA region’s locally founded app-based car service, today announced a Series-C investment of USS 60 million with The Abraaj Group as lead investor.
Inov8 Limited, a mobile payments company, has secured Series-A funding of USD 5.4 million and achieved a valuation in excess of USD 100 million.